By definition, a health care company provides a health care sector with adequate supplies and services that are essential for proper management and direction. Manufacture and proper supply of medicines and medical equipment, as well as providing medical insurances, all comes under the wing of a health care company. According to the yearly financial progress of such companies, the following are the 10 largest health care companies as of March 24th, 2020. Keep in mind that the following short-listed companies’ trade with the U.S.A or Canada only, either directly or through American Depositary Receipts (ADRs).
No.1 CVS Health Corps:
Not only is it the largest health care company, but it is also included in the largest Pharmacy Benefit Management (PBM) companies with a net income and a trailing return of $6.6 billion and -2.1% respectively. It has an outstanding market capitalization of$69.2 billion. TTM Revenue of this company is $257.3 billion. Apart from these remarkable statistics, it has been playing a major role in health insurance after attaining Aetna in 2018. The company is listed on the New York Stock Exchange to manage public trading.
NO.2 United Health Group Inc. (UNH):
UNH is the second largest company that provides health insurance along with proper data analysis. Furthermore, it also provides proper medical and pharmacy care services. It has a net income of $13.8 billion and a market cap of $184.8 billion. Its TTM return is calculated to be -19.8%. TTM revenue of UNH is $240.3 billion. Its chief divisions include UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. UNH is listed on the New York Stock Exchange as well.
NO.3 McKesson Corp. (MCK):
This company is mainly involved in the exchange and distribution of pharmaceuticals and related medicinal products. The net income of MCK is $917.0 million with a market capitalization of $18.7 billion. The yearly trailing of MCK’s net return is found out to be around -1.2%. On top of that, the revenue earned by this company is $224.9 billion. Bansi Nagji, former executive Vice President and Chief Strategy and Business Development Officer now play an advisory role in the company. The new successor of MCK is yet to come.
NO.4 AmerisourceBergen Corp. (ABC):
Just like MCK, ABC is involved mainly in the distribution of medical supplies. However, it’s now in the process of forfeiting its PharMEDium compounding business due to the continuing commercial, operational and regulatory challenges ABC’s annual revenue is $182.1 billion. It has a net income and a net return of $649.4 billion and -4.4% respectively. Its market value is $15.2 billion. It is listed on the New York Stock Exchange to execute transactions.
NO.5 Cigna Corp. (CI):
Cigna Corporation is mainly dealing with products related to life, accident, and medical insurances. With its revenue and net income being $153.7 billion and $5.1 billion, it has a market capitalization of $48.9 billion. The total return (TTM) of CI is -21.7%. Transactions are carried out through the New York Stock Exchange.
No.6 Cardinal Health Inc. (CAH):
CAH is primarily involved in managing the manufacture of the medicinal, lab, and surgical products. Furthermore, it supplies drugs to health care services. Jason Holler now holds the position of CFO (Chief Financial Officer) at CAH. He formerly held the position CFO at Tenneco Inc. (TEN). Statistically speaking, earned revenue(TTM) of CAH is worth $149.7 billion. Its market value is $12.0 billion. Along with that, it has a net income of $4.2 billion. Total Return (TTM) of CAH is around -12.3%. It’s listed on NYSE for stock exchange.
NO.7 Walgreens Boots Alliance Inc. (WBA):
With a net income (TTM) of $3.7 billion, WBA is operating many drug stores in the U.S.A (Walgreens and Duane Reades), U.K (Boots Drug stores), and in various other countries. Quite remarkably, WBA has acquired quite a large number of store locations, increasing its market capitalization to about $38.6 billion. Its 1 Year Trailing Total Return is -27.8% and earned revenue (TTM) of about $137.4 billion. It exchanges and distributes drugs and medicines through NASDAQ. Many well-known online drug stores such as Drugstore.com, VisionDirect.com, and Beauty.com were instigated by WBA.
NO.8 Anthem Inc. (ANTM):
Anthem Inc. provides employer-sponsored Medicare and Medicaid plans along with health insurance. It has a net income (TTM) and revenue (TTM) of $4.8 billion and $104.2billion respectively. ANTM’s market worth is near $44.1 billion with a one-year trailing return of -41.4%. It makes transactions through NYSE. Most recently, it has even completed its purchase of Beacon Health Options.
NO.9 Johnson and Johnson (JNJ):
The most eminent JNJ products are the band-aid brand adhesive bandages. The most common drugs, medicines, health care products, pharmaceuticals, and medical devices are manufactured by JNJ. While facing the threats of the COVID-19 pandemic, JNJ has been working to provide efficient solutions to tackle the virus. The company is studying the effects of various anti-viral compounds such as darunavir through hit –and-trial-method but it’s too soon to tell that what might be effective against the lethal disease. Statistically speaking, JNJ has a net income of $15.1 billion. Its market capitalization has increased up to $293.0 billion while its revenue (TTM) remains $82.1 billion. Its yearly net return is -16.6%. It’s listed on NYSE for stock exchange.
NO.10 Centene Corp (CNC):
CNC is mainly responsible for the administration of government-sponsored programs. With the purchase of WellCare Health Plans Inc. in January 2020, its market value and revenue (TTM) have increased up to $26.7 billion and $74.6 billion respectively. Its net income (TTM) is recorded to be around $1.3 billion. On top of that, its net return (TTM) is -20.7%. Just like the above-listed companies, it is listed on NYSE as well for business dealings.